Stocks in Focus on October 3, 2022: ADVANC and CK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 3, 2022.


Krungsri Securities (KSS) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿248.00/share.

KSS stated that ADVANC has a positive sentiment from the IFA recommending JASIF’s unitholders selling the funds to ADVANC. Meanwhile, the company still has solid performance with a potential increase of Net Add, especially in the prepaid segment that received a boost from more tourist arrivals. KSS noted that the declining share price of ADVANC is a buy opportunity.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿25.00/share.

FSS stated that it expected the 3Q22 profit to accelerate Q-Q and Y-Y, in line with the recovery in its contractor business. According to the latest data, the unit signed drainage canal contracts. CK has catalysts from BEM, which emerged as a winner in the Orange Line auctions. The project has civil and system works of over Bt127bn. Also, CK won the Bt80bn Luang Prabang power plant auctions. CK expects contract signing late this year. They would drive its backlog to a new high of Bt260bn. CK would gradually recognize them as revenue from next year.

CK’s subsidiary BEM would recover, in line with the reopening, while CKP is in its high season. Also, CK would book dividends earned from TTW. FSS anticipated the normalized earnings to jump by 8x Y-Y in 2022 and 64% Y-Y in 2023.

CK has support at Bt21.4 and resistance at Bt22.5//23.